Guideline Value for Ayothiaya Colony Main Road

Ayothiaya Colony Main Road guideline value

The current guideline value of Ayothiaya Colony Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO and is classified as Residential Class II Type - III.

How the guideline value of Ayothiaya Colony Main Road has changed

The guideline value for Ayothiaya Colony Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 133%. However, between 2012 and 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then rose sharply to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 157%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Ayothiaya Colony Main Road's 2024 figure of Rs 3,850 per sq.ft is below this median.

• Ayothiaya Colony 3rd street: Rs 3,850 per sq.ft (2024)
• Ayothiaya Colony 2nd street: Rs 3,850 per sq.ft (2024)
• Ayothiaya Colony 1st street: Rs 3,850 per sq.ft (2024)
• Ayothiaya Colony 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Ayothiaya Colony: Rs 3,850 per sq.ft (2024)
• Ayyappa Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Ayothiaya Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total cost of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayothiaya Colony Main Road?

The Sub Registrar Office that covers Ayothiaya Colony Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value will be used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ayothiaya Colony Main Road?

The current guideline value of Ayothiaya Colony Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking a total increase of 157% over the years.

What are the stamp duty and registration fees for properties on Ayothiaya Colony Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 3,46,500.

Which office manages the registration for Ayothiaya Colony Main Road?

The Velacheri Sub Registrar Office manages the registration for Ayothiaya Colony Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What other streets in Velachery have the same guideline value?

Other streets in Velachery, such as Ayothiaya Colony 1st street, Ayothiaya Colony 2nd street, and Ayothiaya Colony 3rd street, also have a guideline value of Rs 3,850 per sq.ft in 2024.